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Uniswap CEO weighs In on ethical token distribution

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Uniswap CEO weighs In on ethical token distribution


Uniswap CEO weighs In on ethical token distribution

The Uniswap CEO strongly disapproved of low float tokens, considering them malicious and his biggest pet peeve.



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Underwater kite can harness the ocean’s power for sustainable energy

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The Swedish company Minesto is making waves in the renewable energy sector with its innovative Dragon 12, an underwater kite that promises to generate clean electricity.

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The Dragon 12  (Minesto)

A kite underwater?

Imagine a kite flying through the air, tracing a figure-eight pattern as it soars. 

Now, picture that same motion deep under the sea. That’s the essence of the Dragon 12, Minesto’s groundbreaking machine designed to harness the power of ocean currents to generate electricity.

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MORE: DIVE INTO THE SEA WITH THIS STATE-OF-THE-ART UNDERWATER DRONE  

How Dragon 12 is helping to create sustainable energy

Nestled in the North Atlantic, the Faroe Islands have embarked on an ambitious journey toward 100% clean on-shore electricity by 2030. The Dragon 12 figures to play a pivotal role in this plan, complementing existing wind, solar and hydroelectric power sources.

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MORE: CRAZY FUTURISTIC UNDERWATER JETPACK LETS YOU FLY IN THE WATER LIKE AN AQUATIC SUPERHERO

The science behind the Dragon 12

It generates electricity by harnessing the kinetic energy of tidal currents. Here’s how it works:

Movement: The Dragon 12 is designed to fly in a figure-eight pattern underwater, similar to how a kite moves in the air. This movement accelerates the flow of water over its wings.

Energy Conversion: As the water flows over the wings, it spins a turbine attached to the kite. This turbine converts the kinetic energy of the moving water into mechanical energy.

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Electricity Production: The mechanical energy from the turbine is then converted into electrical energy, producing up to 1.2 megawatts of power.

Grid Integration: The electricity generated by the Dragon 12 is transmitted via cables to an onshore station. From there, it’s integrated into the national grid system, making it available to power homes and businesses.

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Diagram of the Dragon 12  (Minesto)

MORE: A CAR-BOAT COMBO THAT CAN HIT THE ROAD OR THE WATER WITH THE SAME VEHICLE 

Minesto’s vision: Affordable, clean energy for all

Martin Edlund, CEO of Minesto, envisions a world where renewable energy is sustainable and cost-effective. The Dragon 12’s lower cost of electricity suggests that this vision is well within reach, potentially making green energy cheaper for consumers worldwide.

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Dragon 12 blueprints (Minesto)

MORE: UNFORGETTABLE MOTHER’S DAY GIFTS 2024

A deep dive into Minesto’s technology

Founded as a spin-off from aerospace giant Saab, Minesto has perfected its technology since 2007. With 92 patents and a successful track record, the company’s utility-scale tidal power plant, Dragon 12, delivers electricity to the Faroe Islands’ grid.

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The future of tidal energy: prospects and challenges

While the Dragon 12’s innovative design offers many advantages, questions remain about its long-term reliability and impact on marine life. As Minesto continues to refine its technology, the answers to these questions will shape the future of tidal energy.

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Kurt’s key takeaways

As we stand on the brink of a renewable energy revolution, companies like Minesto are in charge of technologies that could redefine how we harness the power of nature. The Dragon 12 is more than just a machine; it symbolizes human ingenuity and our relentless pursuit of a sustainable future. With its potential to provide clean, affordable energy, the Dragon 12 could be a game-changer for communities around the globe.

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What are your thoughts on the potential of underwater kites like Minesto’s Dragon 12 to shape the future of renewable energy? Let us know by writing us at Cyberguy.com/Contact

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Coinbase faces new lawsuit over alleged investor deception

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Coinbase faces new lawsuit over alleged investor deception


Coinbase faces new lawsuit over alleged investor deception

The plaintiffs claim Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar Lumens (XLM) are securities.



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University of California police union blasts UCLA admin for ‘lack of response’ to violence at campus protests

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University of California police union blasts UCLA admin for ‘lack of response’ to violence at campus protests

The police union representing officers at University of California schools is criticizing UCLA administrators for the “lack of response” to violence that broke out at anti-Israel student protests on campus last week.

The union also called for an independent investigation into the response.

“UC administrators are solely responsible for the University’s response to campus protests, and they own all the fallout from those responses,” Federated University Police Officers Association president Wade Stern said in a press release Saturday.

Hundreds of pro-Palestine demonstrators set up an encampment on UCLA’s campus in Royce Quad last week to demand that the university divest from companies and institutions that are “complicit in the Israeli occupation, apartheid, and genocide of the Palestinian people.”

UCLA STUDENT SLAMS UNIVERSITY FOR ‘ENCOURAGING VIOLENCE,’ TURNING CAMPUS INTO ‘WAR ZONE’: ‘THIS IS A DISGRACE’

Police at UCLA were given permission to clear a massive anti-Israel demonstration. (Photo by ETIENNE LAURENT/AFP via Getty Images)

Early Wednesday morning, pro-Israel counter-protesters attacked the encampment, which started a clash between them and the anti-Israel protesters, Fox 11 reported. Fights broke out, fireworks were shot at demonstrators and items were thrown as part of the violence. 

Law enforcement initially stood by while the violence unfolded, according to Fox 11. Local police in riot gear did not respond to the scene until hours later. Law enforcement eventually moved in and cleared the encampment, and more than 200 protesters were arrested.

“”In the end, the encampment on Royce Quad was both unlawful and a breach of policy.,” UCLA Chancellor Gene Block said in a statement Thursday. “It led to unsafe conditions on our campus and it damaged our ability to carry out our mission. It needed to come to an end.”

Students told Fox 11 they were frustrated about the lack of response by the university. One security guard on campus said UCLA “could have stopped this a long time ago.”

California Gov. Gavin Newsom, a Democrat, condemned the violence and called for an investigation into the university’s response.

UCLA FALLS TO ANARCHY AFTER COUNTERPROTESTERS CONFRONT ANTI-ISRAELI ENCAMPMENT: ‘HORRIFIC ACTS OF VIOLENCE’

Clashes broke out on May 1, 2024 around pro-Palestinian demonstrations at UCLA.

Clashes broke out on May 1, 2024, around pro-Palestinian demonstrations at the University of California, Los Angeles, as universities around the United States struggle to contain similar protests on dozens of campuses. (ETIENNE LAURENT/AFP via Getty Images)

University of California President Michael Drake said in a statement Wednesday that he has “requested a detailed accounting from the campus about what transpired” and that he is “ordering an independent external review of both UCLA’s planning and actions, and the effectiveness of the mutual aid response.”

The police union said in its statement Saturday that the investigation will “undoubtedly uncover multiple failures to implement and adhere to UC’s own guidelines for response to campus protests.”

According to the union, University of California policy states that each school is responsible for establishing a task force to respond to student protests on campus, but that those task forces have not been trained since 2020. The union said the University of California and its campuses “have not funded any training.”

CALIFORNIA STATE OFFICIALS CONDEMN VIOLENT ANTI-ISRAEL PROTESTS AT UCLA

Counter protesters attack a pro-Palestinian encampment at UCLA.

Counter-protesters attack a pro-Palestinian encampment set up on the campus of the University of California Los Angeles (UCLA) as clashes erupt, in Los Angeles on May 1, 2024. (ETIENNE LAURENT/AFP via Getty Images)

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The union also claimed that administrators told campus police to “stand down and stand aside” during the campus protests. The union said a Jewish student who called police asking for help because he was being blocked from a campus library was told by the dispatcher that administrators had told campus police not to intervene.

“The UCLA administration has much to answer for in the upcoming probe, and their adherence to established guidelines should play a central part,” the union’s statement said.

Sui Network clears up misunderstandings on token supply

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Sui Network clears up misunderstandings on token supply


Sui Network clears up misunderstandings on token supply

According to Sui Network feedback, the Sui Foundation manages the main wallet with locked tokens released strategically to enhance the ecosystem.



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Bitfinex database breach 'seems fake,' says CTO

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Bitfinex database breach 'seems fake,' says CTO


Bitfinex database breach 'seems fake,' says CTO

Bitfinex CTO Paolo Ardoino explained that if the hacking group was telling the truth, they would have asked for a ransom, but he “couldn’t find any request.”



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As Putin begins another 6-year term, he is entering a new era of extraordinary power in Russia

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As Putin begins another 6-year term, he is entering a new era of extraordinary power in Russia

Just a few months short of a quarter-century as Russia’s leader, Vladimir Putin on Tuesday will put his hand on a copy of the constitution and begin another six-year term as president wielding extraordinary power.

Since becoming acting president on the last day of 1999, Putin has shaped Russia into a monolith — crushing political opposition, running independent-minded journalists out of the country and promoting an increasing devotion to prudish “traditional values” that pushes many in society into the margins.

His influence is so dominant that other officials could only stand submissively on the sidelines as he launched a war in Ukraine despite expectations the invasion would bring international opprobrium and harsh economic sanctions, as well as cost Russia dearly in the blood of its soldiers.

With that level of power, what Putin will do with his next term is a daunting question at home and abroad.

The war in Ukraine, where Russia is making incremental though consistent battlefield gains, is the top concern, and he is showing no indication of changing course.

“The war in Ukraine is central to his current political project, and I don’t see anything to suggest that that will change. And that affects everything else,” Brian Taylor, a Syracuse University professor and author of “The Code of Putinism,” said in an interview with The Associated Press.

“It affects who’s in what positions, it affects what resources are available and it affects the economy, affects the level of repression internally,” he said.

In his state of the nation address in February, Putin vowed to fulfill Moscow’s goals in Ukraine, and do whatever it takes to “defend our sovereignty and security of our citizens.” He claimed the Russian military has “gained a huge combat experience” and is “firmly holding the initiative and waging offensives in a number of sectors.”

That will come at huge expense, which could drain money available for the extensive domestic projects and reforms in education, welfare and poverty-fighting that Putin used much of the two-hour address to detail.

Taylor suggested such projects were included in the address as much for show as for indicating real intent to put them into action.

Putin “thinks of himself in the grand historical terms of Russian lands, bringing Ukraine back to where it belongs, those sorts of ideas. And I think those trump any kind of more socioeconomic-type programs,” Taylor said.

If the war were to end in less than total defeat for either side, with Russia retaining some of the territory it has already captured, European countries fear that Putin could be encouraged toward further military adventurism in the Baltics or in Poland.

“It’s possible that Putin does have vast ambitions and will try to follow a costly success in Ukraine with a new attack somewhere else,” Harvard international relations professor Stephen Walt wrote in the journal Foreign Policy. “But it is also entirely possible that his ambitions do not extend beyond what Russia has won — at enormous cost and that he has no need or desire to gamble for more.”

But, Walt added, “Russia will be in no shape to launch new wars of aggression when the war in Ukraine is finally over.”

Such a rational concern might not prevail, others say. Maksim Samorukov, of the Carnegie Russia Eurasia Center, said that “driven by Putin’s whims and delusions, Moscow is likely to commit self-defeating blunders.”

In a commentary in Foreign Affairs, Samorukov suggested that Putin’s age could affect his judgment.

“At 71 … his awareness of his own mortality surely impinges on his decision-making. A growing sense of his limited time undoubtedly contributed to his fateful decision to invade Ukraine.”

Overall, Putin may be heading into his new term with a weaker grip on power than he appears to have.

Russia’s “vulnerabilities are hidden in plain sight. Now more than ever, the Kremlin makes decisions in a personalized and arbitrary way that lacks even basic controls,” Samorukov wrote.

“The Russian political elite have grown more pliant in implementing Putin’s orders and more obsequious to his paranoid worldview,” he wrote. The regime “is at permanent risk of crumbling overnight, as its Soviet predecessor did three decades ago.”

Putin is sure to continue his continue animosity toward the West, which he said in his state of the nation address “would like to do to Russia the same thing they did in many other regions of the world, including Ukraine: to bring discord into our home, to weaken it from within.”

Putin’s resistance to the West manifests not only anger at its support for Ukraine, but in what he sees as the undermining of Russia’s moral fiber.

Russia last year banned the notional LGBTQ+ “movement” by declaring it to be extremist in what officials said was a fight for traditional values like those espoused by the Russian Orthodox Church in the face of Western influence. Courts also banned gender transitioning.

“I would expect the role of the Russian Orthodox Church to continue to be quite visible,” Taylor said. He also noted the burst of social media outrage that followed a party hosted by TV presenter Anastasia Ivleeva where guests were invited to show up “almost naked.”

“Other actors in the system understand that that stuff resonates with Putin. … There were people interested in exploiting things like that,” he said.

Although the opposition and independent media have almost vanished under Putin’s repressive measures, there’s still potential for further moves to control Russia’s information space, including moving forward with its efforts to establish a “sovereign internet.”

The inauguration comes two days before Victory Day, Russia’s most important secular holiday, commemorating the Soviet Red Army’s capture of Berlin in World War II and the immense hardships of the war, in which the USSR lost some 20 million people.

The defeat of Nazi Germany is integral to modern Russia’s identity and to Putin’s justification of the war in Ukraine as a comparable struggle.

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Associated Press writer Jim Heintz, based in Tallinn, Estonia, has covered the entirety of Putin’s tenure as Russian leader.

Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders

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Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders


Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders

The inverse head and shoulders pattern forming “would make sense” if Bitcoin doesn’t “break straight through” to $67,500, according to a crypto trader.



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CZ gets jail sentence, Gensler viewed Ether as security, and FBI targets mixers: Hodler’s Digest, April 28 – May 4 

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CZ gets jail sentence, Gensler viewed Ether as security, and FBI targets mixers: Hodler’s Digest, April 28 – May 4 


CZ gets jail sentence, Gensler viewed Ether as security, and FBI targets mixers: Hodler’s Digest, April 28 – May 4 

CZ gets four months in prison, Gary Gensler had Ether as security for at least 1one year, and the FBI targets crypto mixers.



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More than half of the Fortune 100 uses Apple’s Vision Pro headset

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More than half of the Fortune 100 uses Apple’s Vision Pro headset


More than half of the Fortune 100 uses Apple’s Vision Pro headset

Spatial computing in the industrial metaverse appears to be paying off for the company that Steve Jobs built.



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